Producer
Skretting
World's largest dedicated aquaculture feed company; part of Nutreco (Netherlands, owned by SHV Holdings). Produces salmon, trout, shrimp, sea bass, sea bream, and tilapia feeds for farms in Norway, Scotland, Chile, Canada, Turkey, and globally. Primary supplier of feed to Norwegian Atlantic salmon industry (world's largest farmed salmon producer). ~$2.5B revenue. 24 production plants in 18 countries.
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Goods downstream
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Stories
What they make
1 input Skretting supplies
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What else they do
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Salmonid Feed (Salmon & Trout)
60%Marine & Shrimp Feed
20%Freshwater & Warm Water Fish Feed
12%Specialty Nutrition & Services
8%
Intelligence
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Origin2022
Skretting, founded in 1899 in Stavanger, Norway, as a flour and feed mill (the name comes from a Norwegian dialect word for the act of feeding animals), is one of the companies that made modern salmon farming biologically and economically possible. In the 1970s, Skretting developed the extruded dry pellet for salmon — a floating, nutritionally complete feed that replaced the fresh fish and wet paste previously used in Norwegian fish farms. This technological breakthrough enabled the industrialization of Norwegian salmon farming: without a consistent, storable, nutritionally optimized feed that could be automatically distributed, salmon farming could not scale from artisanal operations to the industrial production that now supplies 70%+ of the world's salmon. Skretting is owned by Nutreco (Dutch animal nutrition company), which was acquired by SHV Holdings (a Dutch family-controlled conglomerate whose core business is actually LPG and coal distribution — Makro cash-and-carry retail and SHV Energy). A privately-held Dutch fuel distribution family owns the supply chain infrastructure that feeds Norwegian, Chilean, and Australian salmon farming — a supply chain connection between European energy distribution and global premium protein food supply that is structurally invisible from the outside.
Skretting ↗Did you know2022
Skretting's salmon feed formula serves as a high-stakes commodity market integrator: a single ton of salmon feed contains approximately 15-20% fishmeal (primarily from Peruvian anchoveta), 10-15% fish oil (from the same or similar sources), and increasingly large fractions of soy protein concentrate (from Argentina and Brazil), canola meal, corn gluten, and novel ingredients like insect meal and single-cell proteins. When El Nino events reduce the Peruvian anchoveta catch, fishmeal and fish oil prices spike globally — and these price shocks flow through Skretting's cost structure into the margin economics of Norwegian, Chilean, and Scottish salmon farms. The same El Nino event that affects Peruvian fishing communities affects the wholesale price of Norwegian salmon at a Costco in California six to twelve months later through Skretting's supply chain. The transition away from wild fish ingredients in aquafeed (driven by sustainability certifications like ASC) is simultaneously reducing this exposure for salmon farmers while creating new dependencies on soybean and rapeseed commodity cycles — trading one agricultural commodity risk for another.
Skretting ↗